Right now in fast bullying the bear, the S&P closing about 4,300 ending the session

at levels not seen since last April, the index nail up over 12% this year as investors

await key inflation data tomorrow in a Fed decision Wednesday, plus off target shares

of the retail giant down over 20% in just the last month is the drop mainly due to the

backlash and boycotts over its Pride Month promotions or fears about a slowing sales target

and slugging sluggish economy and later crude collapsing again to just over $67 a barrel

Tesla's winning streak reaches a dozen days, increasing to major gains as Wall Street says

a hoi-mati. I'm Melissa Lee this is fast money for the Nasdaq Market flight a whole house

tonight. I think I've never said that on the year before. Courtney Garcia, Karen Feinerman,

Dan Nathan and Guy Adami and we start off at the new market milestone the S&P 500 breaking

passage August highs closing at its best level since April of last year the benchmark index

now up 24% from its October intro day lows you know what that means. Bull market.

The Nasdaq scene even bigger gains today rising more than 1.5%. The tech heavy composite of 28%

more than already on pace this year on pace words best first half since 1983. Meantime oil prices

tumbling 4.5% briefly trading below $67 a barrel settling at its lowest price since March all of

this ahead of tomorrow's CPI report and of course Wednesday's Fed decision so has a rally

gone ahead of itself and will this week's data bring investors back down to Earth. The

guy it seems like if you want to fight the market momentum it's been a really tough battle here.

Utah without question I mean fighting the Fed would have been being bullish but that's actually

being right and considering things since December so so listen it definitely leaves me scratch

my head are the numbers important to mark yeah you might get a revision from April by the way

and we'll see what happens there but are the numbers important absolutely in terms of the rhetoric

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